Latest news with #iHeartMedia
Yahoo
21 hours ago
- Business
- Yahoo
Broadcasting Stocks Q1 Teardown: E.W. Scripps (NASDAQ:SSP) Vs The Rest
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at broadcasting stocks, starting with E.W. Scripps (NASDAQ:SSP). Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 7 broadcasting stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.1% while next quarter's revenue guidance was 0.6% below. In light of this news, share prices of the companies have held steady as they are up 4.6% on average since the latest earnings results. Founded as a chain of daily newspapers, E.W. Scripps (NASDAQ:SSP) is a diversified media enterprise operating a range of local television stations, national networks, and digital media platforms. E.W. Scripps reported revenues of $524.4 million, down 6.6% year on year. This print exceeded analysts' expectations by 0.7%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates. The stock is down 8.7% since reporting and currently trades at $2.35. Is now the time to buy E.W. Scripps? Access our full analysis of the earnings results here, it's free. Founded in 1915, Fox (NASDAQ:FOXA) is a diversified media company, operating prominent cable news, television broadcasting, and digital media platforms. FOX reported revenues of $4.37 billion, up 26.8% year on year, outperforming analysts' expectations by 4.3%. The business had an exceptional quarter with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. FOX scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 9.9% since reporting. It currently trades at $55.27. Is now the time to buy FOX? Access our full analysis of the earnings results here, it's free. Occasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. iHeartMedia reported revenues of $807.1 million, up 1% year on year, exceeding analysts' expectations by 2.6%. Still, it was a slower quarter as it posted a significant miss of analysts' adjusted operating income and EPS estimates. Interestingly, the stock is up 11.8% since the results and currently trades at $1.42. Read our full analysis of iHeartMedia's results here. Originally the joint-venture of four cable television companies, AMC Networks (NASDAQ:AMCX) is a broadcaster producing a diverse range of television shows and movies. AMC Networks reported revenues of $555.2 million, down 6.9% year on year. This print missed analysts' expectations by 2.6%. It was a slower quarter as it also produced a significant miss of analysts' EPS estimates and a miss of analysts' Affiliate revenue estimates. AMC Networks had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 7.3% since reporting and currently trades at $6.64. Read our full, actionable report on AMC Networks here, it's free. Spun out of Gannett in 2015, TEGNA (NYSE:TGNA) is a media company operating a network of television stations and digital platforms, focusing on local news and community content. TEGNA reported revenues of $680 million, down 4.8% year on year. This number met analysts' expectations. Zooming out, it was a satisfactory quarter as it also recorded a solid beat of analysts' EPS estimates. The stock is flat since reporting and currently trades at $16.66. Read our full, actionable report on TEGNA here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Jasmine Crockett Savagely Compares Democrats To A Guy Who Only Calls After Midnight
Rep. Jasmine Crockett (D-Texas) says she understands why people feel like the Democratic party only comes knocking when it needs something. The legislator from the Lone Star state was frank while talking about the fallout from the 2024 election during Tuesday's episode of the 'Outlaws' podcast with TS Madison,a production of iHeartMedia's Outspoken Podcast Network. While she said President Donald Trump misled about lots of his far-right policy plans, one thing he did campaign on was his 'crazy ideas' about the tariffs now wreaking havoc on the American economy. Crockett was baffled by the fact people heard him promise to put sweeping import taxes in place and still voted for him, only to respond by tanking his approval ratings after his trade policies started jacking up prices. Frustrated that Democrats weren't able to communicate how the cost of tariffs would get passed on to American consumers, she said, 'A lot of this stuff he lied through his teeth, but he at least told you about the tariffs, and y'all wouldn't take two minutes to try and understand what we were trying to tell you.' But the congresswoman fully admitted that her party hadn't done enough to inspire confidence in voters while also telling Madison how she thinks Democrats can turn things around. 'One of the things that I'm trying to get through to so many on my side is about how we communicate,' she said. 'Because I feel like we are not trusted messengers. And for whatever reason, they trusted the biggest known con man ever. 'They trust him, so it didn't matter what he said because they believed in his heart, regardless of his policies, regardless of his words, they believed in his heart.' Crockett said the mistrust was especially deep in the Black community, where many believe Democrats have taken them for granted. 'The Black community has gotten so tired of every time it's election time, that's when we show up to all the churches. That's when we want to come to the barbershop. That's when we want to have a conversation instead of continuously engaging in communication and letting people know, 'This is what I'm doing for you, and this is why what he's done is going to mess you up.'' Savagely comparing her party's behavior to a badly behaved fling, she said, 'It has to be a continuous relationship,' but right now 'it's kind of like that dude that wants to come around every once in a while, and he wants to call you at midnight.' 'We haven't talked in months,' Crockett quipped. 'Do not be blowing me up now at midnight.' Listen to Crockett's full conversation with TS Madison on 'Outlaws.' Jasmine Crockett's Politically Incorrect Takedown Of Trump Borders On 'Insane' Jasmine Crockett Names The Telling Reason Trump 'Hired Everybody From Fox News' Jasmine Crockett Breaks Down Why DOGE Is Nothing But A 'Scam' To Her
2 days ago
- Entertainment
Jelly Roll, Mariah Carey, Ed Sheeran and more to perform at iHeartRadio Music Festival
The iHeartRadio Music Festival will take place in September in Las Vegas. 3:09 The lineup for the iHeartRadio Music Festival is here. On Tuesday, iHeartMedia announced the star-studded lineup for the upcoming event, which will be held in Las Vegas later this year. Artists who are slated to perform include Bryan Adams, Ed Sheeran, Feid, GloRilla, Jelly Roll, John Fogerty, Justice, Lil Wayne and LL Cool J. Mariah Carey, Maroon 5, Sammy Hagar, Tate McRae, The Offspring and Tim McGraw will also perform. More artists will be announced this summer, according to iHeartMedia. This year, the festival will stream live each night on Hulu for fans who can't make it to the event to watch at home. The upcoming music festival will take place on Friday, Sept. 19, and Saturday, Sept. 20, at the T-Mobile Arena in Las Vegas. Presale tickets for Capital One cardholders will begin on Wednesday, June 11, at 10 a.m. PT/1 p.m. ET through Friday, June 13, at 10 a.m. PT/1 p.m. ET. General ticket sales on will begin on Friday, June 13, at 2 p.m. ET/ 11 a.m. PT. Sponsored Content by Taboola
Yahoo
2 days ago
- Entertainment
- Yahoo
iHeartRadio Music Festival 2025: Ed Sheeran, Tate McRae, Mariah Carey to Perform
iHeartRadio Music Festival will return to the T-Mobile Arena in Las Vegas on Sept. 19 and 20 with performances from Ed Sheeran, Tate McRae, Mariah Carey, Lil Wayne, Jelly Roll, and more. The event will be hosted by Ryan Seacrest, with both days of performances broadcast across iHeartMedia radio stations and streamed on Hulu. Additional performances will be announced in the months leading up to iHeartRadio Music Festival 2025. Currently, the lineup also features Bryan Adams, Feid, GloRilla, John Fogerty, Justice, LL Cool J, Sammy Hagar, the Offspring, and Tim McGraw. More from Rolling Stone Mariah Carey, Snoop Dogg, Jamie Foxx, Kirk Franklin Named BET Ultimate Icon Award Recipients Elton John Calls U.K. Government 'Absolute Losers' Over A.I. Copyright Plans Ed Sheeran Previews Collaboration With Dave Grohl, John Mayer General sale for the music festival will begin on Friday, June 13, at 11 a.m. PST via AXS. Tickets will be available in single-day and two-day packages. Sheeran's performance will follow the Sept. 12 release of his forthcoming studio album Play, which features the singles 'Old Phone' and 'Azizam.' The singer-songwriter has a number of live performances scheduled across Europe this summer, but iHeartRadio Music Festival is his only upcoming U.S. appearance at the moment. McRae's appearance will intersect with the North American leg of her Miss Possessive Tour, which touches down in North American in August in support of her latest studio album So Close to What. Meanwhile, Mariah Carey completed her latest Las Vegas residency last year to celebrate the 20th anniversary of The Emancipation of Mimi. She recently began teasing her 16th studio album. Lil Wayne will have plenty of new material to perform during his set. The rapper will release Tha Carter VI on Friday, June 6, accompanied by his first headlining appearance at Madison Square Garden. He also has performances scheduled for Memphis and Oklahoma City in September. Jelly Roll's performance at the music festival will follow his trek on the road with Post Malone for the Big Ass World Tour. Best of Rolling Stone The 50 Greatest Eminem Songs All 274 of Taylor Swift's Songs, Ranked The 500 Greatest Albums of All Time
Yahoo
2 days ago
- Entertainment
- Yahoo
Tate McRae, Mariah Carey and Ed Sheeran Heading to Vegas for iHeartRadio Music Festival
Tate McRae, Ed Sheeran and Mariah Carey are among the artists slated to perform at this year's iHeartRadio Music Festival, iHeartMedia announced Tuesday morning. The two-day concert — taking place September 19th and 20th at the T-Mobile Arena in Las Vegas — will also feature performances from Bryan Adams, Feid, GloRilla, Jelly Roll, John Fogerty, Justice, Lil Wayne, LL COOL J, Maroon 5, Sammy Hagar, The Offspring and Tim McGraw. Ryan Seacrest is hosting the event, which is expected to 'include one-of-a-kind collaborations and surprise performances,' according to a release. More from The Hollywood Reporter Taylor Swift's Old Album Streams More Than Double on Spotify After Catalog Deal Rick Astley's "Never Gonna Give You Up" Passes 1 Billion Spotify Streams Pusha T Says Def Jam Tried to Censor Kendrick Lamar Verse On Upcoming Clipse Album Due To Drake Beef 'What makes the iHeartRadio Music Festival one-of-a-kind is that we bring together the biggest artists from all genres of music for the entire weekend,' iHeartMedia's chief programming officer Tom Poleman and iHeartMedia's president of entertainment enterprises John Sykes said in a joint statement. The festival is holding a presale for Capital One cardholders, with fans getting a chance to purchase tickets beginning on Wednesday, June 11th at 10 a.m. pacific time running through Friday, June 13th at 10 a.m. pacific time. The on-sale for the general public will begin June 13th at 11 a.m. The festival is also offering Capital One cardholders the chance to add on an 'access pass' that includes a pre-show party with drinks, food and a private performance from either LL Cool J on Friday or Jelly Roll on Saturday. The music festival is produced by Sykes, Tom Poleman and Bart Peters from iHeartMedia and Diversified Production Services. Hulu's live stream is produced by iHeartMedia. Hulu will join iHeartMedia's radio stations in broadcasting both nights of the show. More details on the festival and ticketing information can be found on iHeartMedia's website. Best of The Hollywood Reporter Most Anticipated Concert Tours of 2025: Beyoncé, Billie Eilish, Kendrick Lamar & SZA, Sabrina Carpenter and More Hollywood's Most Notable Deaths of 2025 Hollywood's Highest-Profile Harris Endorsements: Taylor Swift, George Clooney, Bruce Springsteen and More
